Target Fund Managers Limited
Registered name: TARGET FUND MANAGERS LIMITED
Part of Carlton Equity Limited groupTarget Fund Managers Limited made £7m revenue and £652k profit in the year to 30 Apr 2023. read from filing text
Target Fund Managers Limited’s revenue grew 3% to £7m in the year to 30 Apr 2023, with £652k profit and 31 employees. The company is classified under “fund management activities” and is based in Stirling; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Stirling, Scotland
- Age
- 9 yrs · since 2016
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Apr 2022 | 30 Apr 2023 |
|---|---|---|
| Disclosure | Full P&Lread from filing text | Full P&Lread from filing text |
| Profit & loss | ||
| Revenue (turnover) | £6.8m | £7m |
| Operating profit | £1.5m | £1.3m |
| Profit before tax | £1.5m | £1.3m |
| Profit after tax | £977k | £652k |
| Profit (best available) | £977k | £652k |
| Staff costs | £2.6m | £2.8m |
| Employees (average) | 28 | 31 |
| Ratios | ||
| Profit margin | 14.4% | 9.3% |
| Revenue per employee | £242k | £225k |
| Profit per employee | £34.9k | £21k |
| Cash conversion | −45% | −242.9% |
| Growth (year on year) | ||
| Revenue growth | — | ▲3.1% |
| Profit growth | — | ▼33.3% |
| Headcount growth | — | ▲10.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £69.4k | £1.7m |
| Net assets | £4.8m | £5.1m |
| Fixed assets | £4.3m | £4.4m |
| Current assets | £2.7m | £2.7m |
| Debtors | £2.4m | £615k |
| Deferred income | £776k | £698k |
| Cash from operations | −£693k | −£3.1m |
| Source | FullAccounts · bulk data Jan 2024 | FullAccounts · bulk data Jan 2024 |
How the business works
- Profit margin
- 9.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £225k
- Revenue ÷ average employees.
- Profit per employee
- £21k
- Profit ÷ average employees.
- Cash conversion
- −242.9%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 63.2%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- 10%
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 8.8%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲6%
- Now £5.1m
- Cash at bank
- ▲2361%
- Now £1.7m
- Headcount
- ▲11%
- Now 31
- Deferred income
- ▼10%
- Now £698k
- Fixed assets
- ▲2%
- Now £4.4m
Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.
Group structure
Ownership chain
- Carlton Equity Limitedultimate parent75–100%
- Target Fund Managers Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (1)
- THP Ci LimitedRev. — · Profit −£24.6k
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 30 Apr 2023 (profit £652k), from the Companies House accounts bulk data published Jan 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.